Saturday, September 25, 2010

VATICAN CITY — It's a life regimented in excruciating detail, down to the way they eat an orange. Silence is the norm, information is limited, e-mail is screened, close friendships are discouraged and family members are kept at bay — all in the name of God's will.

Known as consecrated women, they are lay Catholics affiliated with a conservative religious order who dedicate their lives to the church, making promises of chastity, poverty and obedience similar to the vows taken by nuns.

But the cult-like conditions they endure so alarmed Pope Benedict XVI that in May he ordered an extremely rare full Vatican investigation of the obscure group, which operates in the U.S., Mexico, Spain, the Philippines and a dozen other countries. The inquiry is expected to begin in the coming weeks.

Paul Joseph WatsonInfowars.comSeptember 24, 2010
The spectacle of a minority of UN diplomats walking out on a speech by Iranian President Mahmoud Ahmadinejad in which he questioned the official story behind 9/11 was instantaneously seized upon by the establishment media and exploited as a way of demonizing any inquiry into the terror attacks.
The media hyped the event as a massive walkout even though the majority of diplomats remained seated during the speech, and launched a talking point centered around feigned outrage in an effort to characterize skepticism of the 9/11 official story as an extremist, fringe viewpoint held by vulgar people.

Thursday, September 23, 2010

A social engineering bill to restrict residence in the suburbs and rural areas and force Americans into city centers has passed the United States Senate Banking Committee and is on the fast track to passage in the Senate.
The bill is called the Livable Communities Act (SB 1619) and it was introduced by corruptocrat outgoing Senator Christopher Dodd (D-Conn.). It seeks to fulfill the United Nation’s plan Agenda 21, adopted at the Earth Summit in Rio de Janeiro in 1992 and signed onto by “New World Order” President George H.W. Bush.
This bill is designed to destroy your community. According to the non-profit American Policy Center the bill:

Is a blueprint for the transformation of our society into total Federal control.

Will enforce Federal Sustainable Development zoning and control of local communities.

Will create a massive new “development” bureaucracy.

Will drive up the cost of energy to heat and cool your home.

Will drive up the cost of gasoline as a way to get you out of your car.

Will force you to spend thousands of dollars on your home in order to comply.

SIC SEMPER TYRANNIS!!!Mark MathenySeptember 23, 2010What used to be talked about as "conspiracy theory" is now being discussed openly among the nations of the world. A global currency called the "Bancor" may soon be the global currency, and along with it a global central bank."Give me control of a nation's money and I care not who makes her laws."Those were the words of Mayer Amscel Rothschild of the Elite Rothschild Banking Family of Europe. And it is apparent that those in power hope to gain control of not only a single nation's money, but of all nations' monetary systems into a single Central Bank with a Global Currency. In that instance, whoever controls the monetary system of the world, will in effect control the policies and laws globally as well.One of the preliminary measures of incorporating a global currency, however, seems to be the destruction of currencies around the globe in order to justify its inception.Steps for bringing about this New World Order currency have been in the works for a long time, and the proponents are patient and deliberate. Calls for a global currency began to come about after WWII, when John Maynard Keynes and the British government proposed the "Bancor" as a world reserve currency.Although it has taken time and effort, it looks as though the current economic crisis has set the stage for the demise of the dollar as a world reserve currency to make way for the proposed Bancor.The Federal Reserve and our government are also in on the plan apparently, as the Fed continues to devalue the dollar through "easing" as they call it, or printing more and more of it. Our government then continues to grow and spend more and more as well, only to exacerbate the problem.Of course, Secretary of Treasury Timothy Geithner said back in 2009 that the U.S. would be open to a world currency as well!In this video Geithner was at a Council on Foreign Relations conference, and was asked about a proposal from China's Central Bank Governor to expand the role of the IMF's use of SDRs (Special Drawing Rights), whereupon Geithner said " ..We're actually quite open to that suggestion." Geithner then went on further to say however, that " ..But you should think of it as rather evolutionary building on the current architecture, rather than to moving us to a global monetary union." Geithner obviously knows that increasing the use of SDRs to the IMF will eventually make way for "a global monetary union" as he puts it.How do I know this? In a recent document by the International Monetary Fund, drafted on April 13, 2010 titled Reserve Accumulation and International Monetary Stability , the report shows that while there are benefits to the use of SDRs, there are also some limitations and drawbacks.One of those drawbacks stated in the same document is the fact that the SDR is not a currency:

From SDR to Bancor. A limitation of the SDR as discussed previously is that it is not a currency. Both the SDR and SDR-denominated instruments need to be converted eventually to a national currency for most payments or interventions in foreign exchange markets, which adds to cumbersome use in transactions. and though an SDR-based system would move away from a dominant currency, the SDR'r value remains heavily linked to conditions and performance of the major component countries.A more ambitious reform option would be to build on the previous ideas and develop, over time, a global currency. Pg 26. (emphasis mine)

Also to be noticed is the latter portion of the video, where Geithner says these very pertinent words:

"It is very important just to underscore that... the future evolution of the dollar's role in the system, depends really primarilly on how effective we are here in the United States, in getting not just recovery back on track, our financial system repaired, but we get our fiscal position back to the point where people will judge it as sustainable.."

If these are the parameters for avoiding a global currency, then we are in serious trouble. It looks as though we may see the bancor soon.In an article by James Turk on Kitco.com, he states clearly that the Fed is printing too much money and rapidly devaluating the dollar. He states in the article that commodity prices are rising not because of good economic activity, but because of what the Fed calls "quantitative easing". He states two reasons for this:

Because too much money has been printed for years, not just over the past three months, which can be illustrated by comparing M3 to the total US population. In 2000 there were $26,977 in circulation, as measured by M3, for every man, woman and child in the United States. That amount has ballooned to $46,538, a 7.1% annual rate of growth, which is more than 7-times the 0.9% annual rate of population growth during this period.

Demand for money is usually ignored, but it is an important part of the equation. Unfortunately, demand cannot be measured, so we again need to rely on observations of market prices to determine the prevailing trend in the demand for dollars at any moment. So, for example, let’s look at the US Dollar Index, which measures the dollar’s rate of exchange against a basket of currencies. While commodities have been rising since June 4th, the Dollar Index has been falling. It is down 7.9% over this period, a 27.6% annualized rate of decline. Given that people are opting to hold other currencies in preference to the dollar, as evidenced by the dollar’s falling exchange rate, it is clear that the demand for the dollar is falling.

In 2009 on CNBC, Stephen Gallo essentially spoke of the same reasons for the current crisis, and the possibility of a global currency and world bank as a result of it :

Carrol Quigely stated a similar development of a world bank in collaboration with central banks around the world, but with far more sinister motives and not the rosy picture Mr. Stephen Gallo is painting:

"The powers of financial capitalism had another far reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements, arrived at in frequent private meetings and conferences. The apex of the system was the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the worlds central banks which were themselves private corporations. The growth of financial capitalism made possible a centralization of world economic control and use of this power for the direct benefit of financiers and the indirect injury of all other economic groups."

Tragedy and Hope: A History of The World in Our Time (Macmillan Company, 1966,) Professor Carroll Quigley of Georgetown University

The housing market collapse, auto industry government takover, Wall Street and Banker bailouts, as well as the reduction in manufacturing here in the United States among other things, are all contrived events by the Elites in order to systematically crush our economy and our currency, in order to make way for this ominous takeover of the world's monetary systems and the completion of a New World Order Feudalistic Dictatorship.

Wednesday, September 22, 2010

There is too much money being printed. No rocket science is needed to reach that conclusion. The markets are giving us a clear message.

For example, gold is trading at a record high, while silver has reached a 30-year high. Those new high prices are happening for a reason. The precious metals are sensitive to changes in inflation, both actual as well as future expectations.

Rising precious metal prices tell us that there is a lot of inflation in the pipeline, but they are not alone in giving us this message. More generally, look at the trend in commodity prices over the past few months in the following chart of the CRB Continuing Commodity Index, which is based on the price of 19 different commodities.

On June 4th the CRB Index closed at 450.24. Here we are just 3-1/2 months later, and the CRB Index closed Friday at 530.24, up 17.7%. That is a HUGE jump in prices in such a short period of time. To put this price rise into perspective, it is a 61.8% annual rate of “appreciation” – though we should call it by what it really is, namely, “price inflation”.

Commodity prices are not rising because of good economic activity, which remains in the doldrums with high unemployment throughout most of the world. Commodity prices are rising because too much money is being printed. But the Federal Reserve reports that M1, a narrow measure of the total quantity of dollars in circulation, rose only by a 9.1% annualized rate in the three months from May 2010 to August 2010, and M2 rose by even less. So why are commodity prices rising by an even faster rate than money growth? There are two reasons.http://www.federalreserve.gov/releases/h6/current/h6.htm

Because too much money has been printed for years, not just over the past three months, which can be illustrated by comparing M3 to the total US population. In 2000 there were $26,977 in circulation, as measured by M3, for every man, woman and child in the United States. That amount has ballooned to $46,538, a 7.1% annual rate of growth, which is more than 7-times the 0.9% annual rate of population growth during this period.

Demand for money is usually ignored, but it is an important part of the equation. Unfortunately, demand cannot be measured, so we again need to rely on observations of market prices to determine the prevailing trend in the demand for dollars at any moment. So, for example, let’s look at the US Dollar Index, which measures the dollar’s rate of exchange against a basket of currencies. While commodities have been rising since June 4th, the Dollar Index has been falling. It is down 7.9% over this period, a 27.6% annualized rate of decline. Given that people are opting to hold other currencies in preference to the dollar, as evidenced by the dollar’s falling exchange rate, it is clear that the demand for the dollar is falling.

Thus, the dollar is being hit by both rising supply and falling demand. We know from Economics 101 that this condition results in falling prices, which when applied to money means declining purchasing power, or what today is usually called “inflation”. If monetary policy is not corrected and inflation is not reversed, in time hyperinflation will be the inevitable result.

I have been warning about hyperinflation since March 2, 2009 when I wrote that the dollar was on the cusp of hyperinflation. I noted that “the federal government has embarked on a course of runaway spending, and it is runaway government spending that causes runaway inflation”, which if left uncontrolled leads to hyperinflation. The trend has not changed for the better.http://www.fgmr.com/on-the-cusp-of-hyperinflation.html

From February 28, 2009 to August 31, 2010, runaway federal government spending has resulted in a $2.57 trillion increase in the national debt. But over this period GDP increased by about $0.5 trillion, and the increase in economic activity is even less after adjusting for inflation. So clearly we need to ask ourselves, what have the bailouts and stimulus programs really accomplished? http://www.bea.gov/national/index.htm#gdp

The answer is very little in terms of economic activity, but there is an ominous consequence from this foolish binge by policymakers of soaring debt and reckless money creation. Given that these dollars are not being used to generate economic activity, they are now sloshing around the globe looking for a safe home. Tangible assets are one of the safest places to be to protect your wealth from a currency whose purchasing power is eroding.

The result is that the commodity markets are on fire. Prices are not rising because of a shortage of commodities, but rather, there is a surfeit of dollars. Too much currency has been created, relative to current economic activity.

Without an abrupt about-face to end the wrongheaded policies being followed by policymakers, there can be only one conclusion. The dollar is headed toward hyperinflation. The new record highs in gold and silver, an across-the-board rise in commodity prices and the renewed downtrend in the dollar's rate of exchange are the “writing on the wall”..

Thomas E. Woods, Jr., is the New York Times bestselling author of ten books. A senior fellow of the Ludwig von Mises Institute, Woods holds a bachelor's degree in history from Harvard and his master's, M.Phil., and Ph.D. from Columbia University.

One of the most oppressive aspects of any totalitarian regime is the inability to talk freely. You just don't know who is a snitch and when something said innocently can be twisted into sounding criminal, especially with all the regulations in a totalitarian regime. It could be a neighbor, a co-worker, a friend, or even your child, indoctrinated in totalitarian propaganda at school, that could turn you in.

I contend this is one of the cruelest parts of totalitarianism for the average person. It creates a paranoia about speaking freely. For your own safety, you must keep things bottled up inside. It is a form of solitary confinement.

In a way, it is kind of a very twisted version of the ominous Eagles song, Hotel California: You have freedom of speech to say anything you want anytime you want, just don't say anything in front of anyone cause you might go to jail.

Anyone who has spent any time with the now elderly people from Eastern Europe, who lived under the old Soviet Union regime, know the paranoia and fear they still carry with them about speaking freely.

With the economy clearly the big issue on voters’ minds, Democrats and Republicans alike are ramping up the rhetoric with only six weeks to go before critical midterm elections that will determine who controls Congress.

Yet Americans surveyed in the first of a series of ABC News/Yahoo! News polls, released early Tuesday, have a message for both sides: Many respondents — including a clear majority of independents, who have provided the critical swing votes in many recent elections — have little confidence in either party’s ability to do more for the economy.

Since Labor Day, President Barack Obama has focused intently on the economy, proposing a host of stimulus measures and warning in a series of combative speeches that a win for Republicans will mean returning to the Bush-era economic policies that the president says caused the economy to tank in the first place. (Read an ABC News story on Obama's new plan to create jobs.)

"Something that took 10 years to create is going to take a little more time to solve," Obama said at a Sept. 20 town-hall-style meeting broadcast by cable channel CNBC. Later, he said that “the most important thing we can do” to address the deficit and high unemployment is to spur growth in the economy. "What we can't do is go back to the same old things we were doing."

Republican leaders, meanwhile, continue to hammer home the message that two years of Democratic efforts to bolster the economy have failed, with little to show for the hundreds of billions of dollars spent but a soaring deficit, stagnant growth and still-sky-high joblessness.

“The American people are clamoring for a focus on jobs and righting our economy,” said Senate Minority Leader Mitch McConnell (R-Ky.) in a Sept. 16 statement. “Instead, for two years the president and the majority in Congress have veered off to the far left and pursued their own liberal wish-list agenda.” (Watch ABC News video profile of Mitch McConnell.)

Sunday, September 19, 2010

The U.S. Census Bureau recently released troubling data on the status of American families. The first disturbing point was that 43.6 million Americans now fall under the poverty category. This works out to 1 out of 7 Americans. The growth has come from many people falling off the middle class treadmill. While the echoes of recovery blast through Wall Street the grim reality for most people is that there is a greater and greater divide occurring. The top 1 percent still has significant control over financial resources and wealth disparity is as high as it was during the 1920s. While many American families wait in lines outside of Wal-Marts so their food assistance debit cards refill to buy food, those calling a recovery are usually those who have been protected via bailouts since the recession started.

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Most Corrupt States in U.S.

From bribery and kickbacks, to embezzlement and election crime, the American politician has been involved in them all. While some states with more politicians can be expected to have more corruption, as these graphics show it is not always the case.

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